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Munich scraps plans to build Transrapid train line
The Transrapid train was to be a magnetic levitation rail link; a high-speed monorail that moves uses magnetic levitation. The only other city to have such transportation is Shanghai. But fancy transportation comes with a price tag, and the originally projected 1.85 billion euros quickly rose to 3 billion. At that price, the German government, the state of Bavaria and companies involved decided to ditch the project.
Maglev technology is exciting -- Shanghai's is the fastest train in the world -- but unfortunately we will have to wait just a little longer before we see a European version.